EOS price rallied recently above the $3.200 and $3.580 resistance levels against the US Dollar.The price traded as high as $4.066 and it is currently correcting lower.There is a major contracting triangle forming with support near $3.350 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could decline in the short term, but dips remain well supported near $3.350.EOS price is trading in a nice uptrend above $3.350 against the US Dollar, just like bitcoin. It could...
Read More »Litecoin (LTC) Price Analysis: Bulls Remain In Driver’s Seat
Litecoin price gained a strong bullish momentum after it broke the $48.00 resistance against the US Dollar.LTC price traded towards the $60.00 resistance and it is currently correcting lower.There is a key contracting triangle forming with support near $54.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains well supported on the downside near $52.00 and $50.00.Litecoin price is trading in a bullish zone above $50.00 against the US Dollar, similar to bitcoin....
Read More »Cardano (ADA) Price Analysis: Bulls Are Not Done Just Yet
ADA price gained traction after it broke the key $0.0380 resistance against the US Dollar.The price traded towards the $0.0420 resistance and formed a high at $0.0427.There is a key bullish trend line forming with support near $0.0382 on the 4-hours chart (data feed via Kraken).The price could correct in the short term, but dips remain well supported near $0.0400 and $0.0380.Cardano price is trading in a bullish zone against the US Dollar, similar to bitcoin. ADA price is likely to continue...
Read More »Telegram: Our Blockchain and Messaging Platform Will Be Separate
Telegram, an encrypted messaging service, has announced that it’s not looking to fuse its new cryptocurrency wallet with its messaging platform.Telegram Is at the Center of Another Hot IssueIn a statement, Telegram executives claimed:At the time of the anticipated launch of the TON blockchain, Telegram’s TON Wallet application is expected to be made available solely on a stand-alone basis and will not be integrated with the Telegram Messenger service.The big question, however, is, “Will TON...
Read More »Tron (TRX) Price Analysis: Primed For More Gains Above $0.0155
Tron price is trading with a positive bias above the $0.0145 support level against the US Dollar.TRX price is currently attempting an upside break above the $0.0152 resistance level.There is a contracting triangle forming with support near $0.0145 on the 4-hours chart (data feed via Bitfinex).The bulls are likely to gain momentum if there is a clear break above the $0.0152 resistance.TRON price is gaining bullish momentum above key hurdles against the US Dollar, similar to bitcoin. TRX price...
Read More »Ethereum Price Analysis: ETH Overcome Hurdles, More Upsides Possible
Ethereum price is gaining bullish momentum above the $145 resistance against the US Dollar.ETH price could continue to rise and it might break the $152 and $155 resistance levels.There is a key bullish trend line forming with support near $143 on the 4-hours chart (data feed from Coinbase).The price could correct lower, but buyers are likely to protect $145 and $143.Ethereum price is showing a lot of bullish signs against the US Dollar. ETH/USD could continue to rise if it clears the $152...
Read More »ETH’s Virgil Griffith is Officially Charged, Awaiting Trial
Virgil Griffith – the Ethereum research scientist who gave a seminar in North Korea despite lacking permission from the United States government – has been formally indicted and is awaiting trial.Griffith Is Set to Face ChargesGriffith has been charged with assisting a nuclear state and an enemy of the U.S. in learning about how to utilize blockchain and cryptocurrency against American authorities. He is also facing charges for violating the International Emergency Economic Powers...
Read More »Stellar Lumen (XLM) Price Primed For Gains, Dips Remains Supported
Stellar lumen price is currently correcting lower from the $0.0500 resistance against the US Dollar.XLM price remains well supported on the downside near the $0.0466 and $0.0460 levels.There is a key contracting triangle forming with resistance near $0.0490 on the 4-hours chart (data feed via Kraken).The pair could start a nice upward move if it breaks the $0.0490 and $0.0500 resistance levels.Stellar lumen price is showing positive signs above $0.0450 against the US Dollar, similar to...
Read More »Ripple Price Analysis: XRP Primed For More Upsides Above $0.22
Ripple price is trading in a positive zone above the $0.2000 support against the US dollar.The price is facing hurdles near the $0.2200 and $0.2250 levels.There is a breakout pattern forming with resistance near $0.2175 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to accelerate gains above the $0.2175 and $0.2200 levels in the near term.Ripple price is trading in an uptrend above $0.2000 against the US Dollar. XRP price could start another rally if it...
Read More »Tether and Bitfinex Are Facing a Revamped Version of an Old Lawsuit
A class-action suit against both Tether and cryptocurrency trading platform Bitfinex alleging that these parties manipulated the bitcoin price back in 2017 has been withdrawn.Tether and Bitfinex Are In a RutNote that this doesn’t mean the lawsuit has been dropped or taken out of commission. Rather, it was withdrawn and then resubmitted through a new plaintiff in an entirely different jurisdiction.Both companies have been under fire for some time when in 2018, University of Texas finance...
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